Latest news with #FaridAlMulla
Gulf Today
14-05-2025
- Business
- Gulf Today
Sharjah to enhance efficiency of realty, financing procedures
The Sharjah Real Estate Registration Department (Sharjah RERD) signed a memorandum of cooperation with Emirates Islamic bank (EIB) to activate a direct electronic link between the two parties. This step is part of the department's strategy to digitise its services and enhance the efficiency of real estate registration and financing procedures, which is in line with the Sharjah government's digital transformation efforts and the provision of smart interconnected services. The memorandum was signed by Abdul Aziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, and Farid Al Mulla, Chief Executive Officer of Emirates Islamic, in the presence of several department directors and officials from both parties. This agreement represents an advanced step towards facilitating real estate procedures and transactions related to banking services. Additionally, it aims to provide mortgage services and carry out all required actions, including, but not limited to, registering, amending, canceling, and releasing mortgage contracts. Moreover, it allows Emirates Islamic to use the department's electronic system, enabling it to conduct inquiries, verifications, and compliance transactions electronically, in accordance with its roles and the applicable legislative controls. The electronic linking will be launched using the latest encryption protocols and the highest standards of data protection, ensuring the confidentiality and integrity of exchanged information without the need for physical presence. This will contribute to reducing the time and effort for customers and enhancing the accuracy and quality of operations. In this context, Abdul Aziz Al-Shamsi said: 'This partnership comes within the framework of our ongoing efforts to develop the real estate business environment in the emirate, and achieve a high level of digital integration between government agencies and financial institutions. It will support the quality of life and enhance business in Sharjah.' 'Enabling banks to have direct access to the department's electronic system for mortgage transactions and digital services reflects our commitment to providing services based on transparency, accuracy, and speed of completion.' Farid Al Mulla, Chief Executive Officer of Emirates Islamic, also said: 'Emirates Islamic is proud to partner with the Sharjah Real Estate Registration Department in this important initiative to streamline mortgage services. This collaboration underscores our commitment to remain at the forefront of driving digital innovation to enhance customer experiences.' 'Aligning with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities, Emirates Islamic will continue to secure strategic partnerships, to deliver innovative products and enhance customer experience.' Overall, this agreement is an extension of the department's efforts to enhance the digital infrastructure of its systems and enable its partners to benefit from its services remotely, which will eventually support Sharjah's vision of developing smart government work and stimulating economic and real estate growth through strategic partnerships with the private sector.
Sharjah 24
14-05-2025
- Business
- Sharjah 24
SRERD, ‘Emirates Islamic' activate electronic mortgage services
The memorandum was signed by Abdul Aziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, and His Excellency Farid Al Mulla, Chief Executive Officer of Emirates Islamic, in the presence of several department directors and officials from both parties. This agreement represents an advanced step towards facilitating real estate procedures and transactions related to banking services. Additionally, it aims to provide mortgage services and carry out all required actions, including, but not limited to, registering, amending, canceling, and releasing mortgage contracts. Moreover, it allows Emirates Islamic to use the department's electronic system, enabling it to conduct inquiries, verifications, and compliance transactions electronically, in accordance with its roles and the applicable legislative controls. The electronic linking will be launched using the latest encryption protocols and the highest standards of data protection, ensuring the confidentiality and integrity of exchanged information without the need for physical presence. This will contribute to reducing the time and effort for customers and enhancing the accuracy and quality of operations. In this context, Abdul Aziz Al-Shamsi said: "This partnership comes within the framework of our ongoing efforts to develop the real estate business environment in the emirate, and achieve a high level of digital integration between government agencies and financial institutions. It will support the quality of life and enhance business in Sharjah. Enabling banks to have direct access to the department's electronic system for mortgage transactions and digital services reflects our commitment to providing services based on transparency, accuracy, and speed of completion." Farid Al Mulla, Chief Executive Officer of Emirates Islamic, also said: "Emirates Islamic is proud to partner with the Sharjah Real Estate Registration Department in this important initiative to streamline mortgage services. This collaboration underscores our commitment to remain at the forefront of driving digital innovation to enhance customer experiences. Aligning with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities, Emirates Islamic will continue to secure strategic partnerships, to deliver innovative products and enhance customer experience." Overall, this agreement is an extension of the department's efforts to enhance the digital infrastructure of its systems and enable its partners to benefit from its services remotely, which will eventually support Sharjah's vision of developing smart government work and stimulating economic and real estate growth through strategic partnerships with the private sector.
Hi Dubai
09-05-2025
- Business
- Hi Dubai
Emirates Islamic Unveils Exclusive Business Banking Diamond Account for High-Value SME Clients
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of its new Business Banking Diamond account. The account is a premium and bespoke offering crafted to deliver a superlative banking experience for the sophisticated financial needs of high-value Small and Medium Enterprises (SMEs) and established businesses. The launch was announced at an exclusive event held recently at the Armani Hotel – Burj Khalifa in Dubai. As a bank actively serving more than 40,000 SMEs - with one in 15 SMEs banking with Emirates Islamic's business banking segment - the new account goes beyond traditional banking to deliver a seamless blend of financial mastery, privileged access and lifestyle elevation. This new account reflects the bank's commitment to excellence and empowering SMEs while contributing to the UAE's thriving business ecosystem. The Business Banking Diamond account offers a comprehensive suite of services and benefits designed to provide unparalleled support and convenience to growing businesses. The new account includes priority access across all Bank channels, a unique metal Visa Signature Debit Card with high withdrawal and POS limits, airport lounge access, car rental discounts globally and much more. Business Banking Diamond customers can also enjoy exclusive banking support with a dedicated Relationship Manager and a Trade & FX advisor as well as preferential pricing on the bank's products and services. Farid AlMulla, Chief Executive Officer of Emirates Islamic, said: "We are delighted to launch the new Business Banking Diamond account, a value proposition that reflects our unwavering commitment to providing innovative and tailored solutions to our valued business clients. We understand the unique challenges faced by high-growth SMEs, and this account is specifically designed to empower them with the tools and support they need to achieve their ambitions." Mohammad Kamran Wajid, Deputy Chief Executive Officer at Emirates Islamic, said: "With the launch of the Business Banking Diamond account, Emirates Islamic is setting a new standard of bespoke business banking services in the UAE. Designed to meet the evolving needs of high-growth enterprises, this proposition combines personalised relationship management with a suite of exclusive benefits - assisting our clients to focus on scaling their businesses with confidence.' Mohamed Al Hadi, Head of Retail Banking and Wealth Management at Emirates Islamic, added: "The Business Banking Diamond account demonstrates our dedication to providing tailored solutions for businesses. Our clients expect more than just traditional banking. They seek a trusted partner who understands their ambitions and lifestyle. The Business Banking Diamond account reflects our vision to deliver relationship driven experiences to navigate the complexities of the modern financial landscape. This launch is testimony to our commitment as a strategic enabler in the SME ecosystem, a vital engine of the UAE economy." Priority and Dedicated Support: • Priority treatment at branches, call center and Business Banking centers • Dedicated Relationship Manager, Trade & FX advisor & Service representative to assist with daily banking needs • Dedicated Call Center • Free Chequebooks • Free WPS Salary Transfer • Up to 20 transactions free in a month at the teller • Cash Management Suite Lifestyle Benefits: • Higher withdrawal & POS limits • Concierge services • Lounge Access • Hospitality Discounts • Exclusive Invitations & experiences • Airport Meet & Greet • Car Rental discounts • E-Sim data bundles Business Assistance and Protection: • Global Assistance • Multi-Trip Insurance • Extended Warranty • Emergency Medical & Travel Assistance News Source: Burson
Mid East Info
08-05-2025
- Business
- Mid East Info
Emirates Islamic unveils exclusive Business Banking Diamond Account for high-value SME clients - Middle East Business News and Information
Dubai, UAE, May 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of its new Business Banking Diamond account. The account is a premium and bespoke offering crafted to deliver a superlative banking experience for the sophisticated financial needs of high-value Small and Medium Enterprises (SMEs) and established businesses. The launch was announced at an exclusive event held recently at the Armani Hotel – Burj Khalifa in Dubai. As a bank actively serving more than 40,000 SMEs – with one in 15 SMEs banking with Emirates Islamic's business banking segment – the new account goes beyond traditional banking to deliver a seamless blend of financial mastery, privileged access and lifestyle elevation. This new account reflects the bank's commitment to excellence and empowering SMEs while contributing to the UAE's thriving business ecosystem. The Business Banking Diamond account offers a comprehensive suite of services and benefits designed to provide unparalleled support and convenience to growing businesses. The new account includes priority access across all Bank channels, a unique metal Visa Signature Debit Card with high withdrawal and POS limits, airport lounge access, car rental discounts globally and much more. Business Banking Diamond customers can also enjoy exclusive banking support with a dedicated Relationship Manager and a Trade & FX advisor as well as preferential pricing on the bank's products and services. Farid AlMulla, Chief Executive Officer of Emirates Islamic, said: 'We are delighted to launch the new Business Banking Diamond account, a value proposition that reflects our unwavering commitment to providing innovative and tailored solutions to our valued business clients. We understand the unique challenges faced by high-growth SMEs, and this account is specifically designed to empower them with the tools and support they need to achieve their ambitions.' Mohammad Kamran Wajid, Deputy Chief Executive Officer at Emirates Islamic, said: 'With the launch of the Business Banking Diamond account, Emirates Islamic is setting a new standard of bespoke business banking services in the UAE. Designed to meet the evolving needs of high-growth enterprises, this proposition combines personalised relationship management with a suite of exclusive benefits – assisting our clients to focus on scaling their businesses with confidence.' Mohamed Al Hadi, Head of Retail Banking and Wealth Management at Emirates Islamic, added: 'The Business Banking Diamond account demonstrates our dedication to providing tailored solutions for businesses. Our clients expect more than just traditional banking. They seek a trusted partner who understands their ambitions and lifestyle. The Business Banking Diamond account reflects our vision to deliver relationship driven experiences to navigate the complexities of the modern financial landscape. This launch is testimony to our commitment as a strategic enabler in the SME ecosystem, a vital engine of the UAE economy.' Additional information on features and benefits: Priority and Dedicated Support: • Priority treatment at branches, call center and Business Banking centers • Dedicated Relationship Manager, Trade & FX advisor & Service representative to assist with daily banking needs • Dedicated Call Center • Free Chequebooks • Free WPS Salary Transfer • Up to 20 transactions free in a month at the teller • Cash Management Suite Lifestyle Benefits: Visa Signature Debit Card (Metal Card) • Higher withdrawal & POS limits • Concierge services • Lounge Access • Hospitality Discounts • Exclusive Invitations & experiences • Airport Meet & Greet • Car Rental discounts • E-Sim data bundles Business Assistance and Protection: • Global Assistance • Multi-Trip Insurance • Extended Warranty • Emergency Medical & Travel Assistance About Emirates Islamic: Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp. Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024. As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
Mid East Info
30-04-2025
- Business
- Mid East Info
Emirates Islamic named ‘Best Islamic Corporate Bank in the World' and ‘Best Islamic Financial Institution in the UAE' at the Global Finance – Best Islamic Financial Institutions Awards 2025
Dubai,April 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been honoured with two prestigious awards at the Global Finance – Best Islamic Financial Institutions Awards 2025, acknowledging the bank's regional and global importance as a leader in Islamic finance offerings. The Global Finance – Best Islamic Financial Institutions Awards honour the best in the global Islamic financial industry and are among the most prestigious awards recognised by Islamic banks worldwide. Emirates Islamic was awarded the prestigious title of 'Best Islamic Corporate Bank in the World' for its value proposition encompassing working capital finance, trade finance, project finance, syndicate and structured finance and cash management services to large and mid-sized corporates, financial institutions, sovereigns, and government-related entities. Pioneering Shariah-compliant solutions and structures including Revolving Credit Facilities, Musharaka Structures, Cash and Trade products and services, the Bank's Corporate and Institutional Banking division achieved a record yearly income with approximately 30 per cent year-on-year growth. The Bank successfully managed and executed its debut USD500 million Islamic syndicated facility; a first-of-its-kind raised by a UAE Shariah-compliant financial institution. The bank has championed an increased focus on ESG financings, participating in over USD 3.5 billion of ESG-related syndicated financings year-to-date. Emirates Islamic has invested heavily in digitisation, implementing a comprehensive digital global Cash and Trade finance management ecosystem and leveraging host-2-host and API banking, and more to enhance customer experience and streamline processes. Furthermore, Emirates Islamic was also awarded the title of 'Best Islamic Financial Institution in the UAE' for the bank's outstanding performance in 2024 and its commitment to innovation in the Islamic banking sector. Emirates Islamic delivered its best-ever financial performance during 2024, cementing its position as the fastest-growing Islamic bank in the UAE. Profit before tax grew by a significant 46% to AED 3.1 billion while total income grew by 13% to AED 5.4 billion in 2024, driven by higher funded and non-funded income. As part of the bank's commitment to sustainable Islamic financing, it launched its first-ever 5-Year USD 750 million Sustainability Sukuk in 2024. Commenting on the recognition, Farid AlMulla, Chief Executive Officer at Emirates Islamic, said: 'Since our founding twenty years back, Emirates Islamic has been a leader in Islamic Finance and remains committed to contributing to the UAE's progress by spearheading innovations in the Islamic banking sector. We consistently have pioneered the development of innovative Shariah-compliant products and services that adhere to the highest standards of ethical banking. We are delighted to have received recognition by Global Finance for our achievements, and we are determined to build on our success in the years to come.' Mohammad Kamran Wajid, Deputy Chief Executive Officer, added: 'We are proud to have been recognized both for our success in the UAE, but also on a global scale for our Corporate banking offerings. Over the last few years, growing our Corporate and Institutional Banking segment has been a key strategic objective. We have invested heavily in digitization to improve our processes and improve the overall customer experience. At Emirates Islamic, we challenge ourselves to provide the very best for our customers, whether through providing personalized Shariah-compliant financial solutions, digital innovations or through our commitment to corporate social responsibility and social welfare.' About Emirates Islamic: Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp. Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024. As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
